SPRING POINT PROJECT (EIN 201896813) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

THOMAS SPIZZO

Phone

6123334108

Tax Period

2025-01-01 to 2025-12-31

SPRING POINT PROJECT, founded in 2004, is a community nonprofit in the Medical Research sector that reported $4.0M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDE MEDICAL-GRADE PORCINE ISLETS TO REPLACE THOSE LOST IN TYPE 1 DIABETES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,250

Program Service Revenue $3,906,821

Investment Income $125,917

Other Revenue $5,059

TOTAL REVENUE $4,041,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,581,655

Fundraising Expenses $26,922

Program Expenses $3,632,360

Other Expenses $2,348,289

TOTAL EXPENSES $3,929,944

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,041,047	$3,653,866	+0.1%
Expenses	$3,929,944	$3,612,196	+0.1%
Net Income	$111,103	$41,670	+1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$261,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK RYAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIMOTHY CLARK	EXECUTIVE VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE MURPHY	TREASURER	1.00	Officer Director	$0	$0	$0
MARTHA VETTER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS PRUE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN GRETSCHEL	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SPIZZO	EXECUTIVE DIRECTOR	40.00	Officer	$227,011	$34,808	$261,819
GERALDINE HULLUM	DIRECTOR OF ADMINISTRATION	40.00	Highest	$112,921	$14,580	$127,501
MEGAN LARSON	DIRECTOR OF QUALITY	40.00	Highest	$105,954	$15,405	$121,359

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,041,047	$3,929,944	$9,351,163	$111,103
2024	$3,653,866	$3,612,196	$8,301,984	$41,670
2023	$3,706,775	$3,249,439	$8,268,932	$457,336
2022	$3,148,339	$3,131,159	$7,612,511	$17,180
2021	$3,545,828	$3,066,219	$7,600,073	$479,609
2020	$2,816,791	$2,687,711	$7,281,816	$129,080
2019	$2,591,728	$2,355,956	$6,939,122	$235,772
2018	$3,022,235	$1,861,986	$6,761,155	$1,160,249

SPRING POINT PROJECT